Bay Area housing market, October 2019
By Sean Rossiter. Redfin data for August to October 2019
From August to October 2019, the single-family median sale price rose from a year earlier in 5 of 23 cities and fell in 18. 5,112 homes sold across all 23 cities, and 42.0% sold above list price. Medians ran from $962,500 in East Palo Alto to $6,850,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 7.5% to $2,300,000
- Los Gatos: up 4.8% to $2,200,000
- Palo Alto: up 0.8% to $3,125,000
Down the most
- Redwood Shores: down 20.3% to $1,870,000
- East Palo Alto: down 10.1% to $962,500
- Santa Clara: down 9.7% to $1,240,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Redwood Shores: 17 days
- Foster City: 21 days
- San Carlos: 22 days
Slowest
- Atherton: 96 days
- Los Gatos: 49 days
- East Palo Alto: 46 days
All 23 cities
August to October 2019. Sorted by single-family median.
| City | Single-family median | vs. a year earlier | vs. last month | Days on market | Sold above list | Condo median |
|---|---|---|---|---|---|---|
| East Palo Alto | $962,500 | -10.1% | -1.8% | 46 | 41.2% | $866,250 |
| San Jose | $1,075,000 | -6.5% | -2.2% | 41 | 37.3% | $625,000 |
| Santa Clara | $1,240,000 | -9.7% | -4.6% | 38 | 39.9% | $700,950 |
| Campbell | $1,380,000 | -0.5% | -0.4% | 44 | 47.2% | $677,000 |
| San Mateo | $1,450,000 | -7.3% | -3.0% | 26 | 62.0% | $738,500 |
| Redwood City | $1,600,000 | -8.9% | -4.3% | 30 | 52.6% | $1,020,000 |
| Sunnyvale | $1,740,000 | -3.3% | +2.7% | 31 | 45.1% | $980,000 |
| Belmont | $1,762,500 | -2.1% | +0.7% | 30 | 49.4% | $1,188,988 |
| Foster City | $1,792,500 | -5.7% | -5.2% | 21 | 45.0% | $906,500 |
| Redwood Shores | $1,870,000 | -20.3% | -0.3% | 17 | 67.8% | $920,000 |
| San Carlos | $1,900,000 | -2.6% | -1.3% | 22 | 62.3% | $1,155,000 |
| Mountain View | $2,050,000 | -6.8% | +1.5% | 24 | 45.8% | $930,000 |
| Cupertino | $2,153,000 | -4.5% | +2.5% | 34 | 42.7% | $1,180,000 |
| Los Gatos | $2,200,000 | +4.8% | -2.7% | 49 | 29.9% | $627,500 |
| Menlo Park | $2,300,000 | +7.5% | -6.4% | 29 | 40.0% | $1,270,000 |
| Saratoga | $2,650,000 | -7.0% | +4.0% | 45 | 32.7% | $1,140,000 |
| Monte Sereno | $3,100,000 | +14.6% | -12.1% | 68 | 15.8% | n/a |
| Palo Alto | $3,125,000 | +0.8% | +3.2% | 36 | 50.0% | $1,560,000 |
| Los Altos | $3,230,000 | -5.7% | +0.9% | 28 | 43.0% | $1,810,000 |
| Woodside | $3,462,500 | +10.8% | +1.8% | 75 | 21.4% | n/a |
| Portola Valley | $3,475,000 | -12.0% | +0.0% | 59 | 25.0% | n/a |
| Los Altos Hills | $4,100,000 | -8.6% | +10.1% | 27 | 43.8% | n/a |
| Atherton | $6,850,000 | -8.2% | +24.2% | 96 | 14.3% | n/a |
Source: Redfin Data Center, rolling three-month figures for August to October 2019. "vs. last month" compares with the three months ending one month earlier. Sold above list covers all home types. Small cities have few sales, so their numbers swing more. Redwood Shores uses ZIP code 94065. Deemed reliable but not guaranteed.
FAQs
Are Bay Area home prices going up?
In most cities, no. From August to October 2019, the single-family median sale price rose from a year earlier in 5 of 23 cities and fell in 18.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 7.5%), Los Gatos (up 4.8%), Palo Alto (up 0.8%), compared with a year earlier.
Where do homes sell the fastest?
Redwood Shores (17 days), Foster City (21 days), San Carlos (22 days), by median days on market for single-family homes from August to October 2019.